General Electric Co. [GE] stock is trading at $159.50, up 1.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GE shares have gain 2.50% over the last week, with a monthly amount glided 15.82%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, GE Vernova Hosts 2024 Investor Day. In a post published today on Yahoo Finance, GE Vernova operationally and financially ready to spin off from GE on April 2.
From an analyst’s perspective:
Previously, Wells Fargo upgraded its rating to Overweight on December 15, 2023, and elevated its price target to $144. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $141 on September 28, 2023. Oppenheimer downgraded its rating to a Perform. Jefferies reiterated a Buy rating for this stock on July 17, 2023, and upped its price target to $130. In a note dated April 26, 2023, RBC Capital Mkts reiterated an Outperform rating on this stock and boosted its target price from $104 to $113.
General Electric Co. [GE] stock has fluctuated between $86.07 and $162.15 over the past year. Currently, Wall Street analysts expect the stock to reach $107.63 within the next 12 months. General Electric Co. [NYSE: GE] shares were valued at $159.50 at the most recent close of the market. An investor can expect a potential drop of -32.52% based on the average GE price forecast.
Analyzing the GE fundamentals
General Electric Co. [NYSE:GE] reported sales of 67.95B for the trailing twelve months, which represents a drop of -10.96%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.37 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 158.32 points at the first support level, and at 157.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.83, and for the 2nd resistance point, it is at 162.16.
General Electric Co. [GE] reported earnings per share of $1.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.91/share, meaning a difference of $0.12 and a surprise factor of 13.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.82 per share as compared to estimates of $0.56 per share, a difference of $0.26 representing a surprise of 46.40%.
Ratios To Look Out For
For context, General Electric Co.’s Current Ratio is 1.18. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 6.34 and price to earnings (TTM) ratio is 19.08.
Transactions by insiders
Recent insider trading involved Holston Michael J, Senior Vice President, that happened on Feb 14 ’24 when 22055.0 shares were sold. Senior Vice President, Holston Michael J completed a deal on Feb 02 ’24 to sell 13601.0 shares. Meanwhile, Senior Vice President Holston Michael J sold 0.11 million shares on Jul 27 ’23.
